Please answer ,I know its easy ,Please answer all 1. Consider the regression model: M] = ßo = ß1 × UR where MJ is the past-month marijuana-use ratefor 12-17 year-olds in a state in 2009-10, UR is the average state unemployment rate for 2009-10, andthere are 51 observations (50 states plus DC). The results are the following, with the standard errors inparentheses below the coefficient estimate:M] := 8.971 + 0.244 × UR(1.406) (0.148)a. Give the formal null and alternative hypotheses for whether the variable UR has a coefficient that isdifferent from zero.b. Give the formal null and alternative hypotheses for whether the variable UR has a positive coefficient.c. Calculate the t-stat for the coefficient estimate on UR.d. Determine the critical values for the two-sided test on that coefficient for tests at the 1%, 5%, and10% levels. Is the coefficient estimate statistically significant at each of those levels?e. Determine the critical value for the one-sided hypothesis test (at the 5% significance level) on thatestimate to test if it is positive. What is the conclusion of the hypothesis test?f. Calculate the 95% confidence interval for the coefficient estimate on UR.

Name: Please answer ,I know its easy ,Please answer all 1. Consider the regr
Uploaded: 2024-03-20T07:07:37.000Z
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Description: Please answer ,I know its easy ,Please answer all 1. Consider the regression model: M] = ßo = ß1 × UR where MJ is the past-month marijuana-use ratefor 12-17 year-olds in a state in 2009-10, UR is the average state unemployment rate for 2009-10, andth